Hess Midstream LP (HESM)

Hess Midstream LP Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	684.6	659	607.7	620.6	617.8
Depreciation & Amortization	228.2	212.7	200.9	190.1	172.9
Stock-Based Compensation	1.6	1.8	1.7	1.6	1.4
Other Adjustments	119.2	74.8	41.6	34.3	21.4
Change in Receivables	-11.1	-14.4	-1	-2.6	-27
Changes in Accounts Payable	-40.4	11.5	13.6	2.3	6.6
Changes in Accrued Expenses	6.4	3.5	4	9.1	9.2
Changes in Other Operating Activities	-4.7	-8.6	-2.1	5.7	-6.8
Operating Cash Flow	983.8	940.3	866.4	861.1	795.5
Operating Cash Flow Growth	4.63%	8.53%	0.61%	8.25%	23.97%
Capital Expenditures	-255.6	-306.1	-223.5	-238.2	-163.2
Investing Cash Flow	-255.6	-306.1	-223.5	-238.2	-163.2
Long-Term Debt Issued	800	600	-	420	750
Long-Term Debt Repaid	-822.5	-12.5	-2.5	-10	-10
Net Long-Term Debt Issued (Repaid)	-22.5	587.5	-2.5	410	740
Repurchase of Common Stock	-400	-300	-400	-400	-750
Net Common Stock Issued (Repurchased)	-400	-300	-400	-400	-750
Common Dividends Paid	-350.2	-235.3	-127.5	-91	-49.4
Other Financing Activities	45.1	-681.1	-112.8	-541	-573.3
Financing Cash Flow	-730.6	-635.3	-640.6	-622	-632.7
Net Cash Flow	-2.4	-1.1	2.3	0.9	-0.4
Free Cash Flow	728.2	634.2	642.9	622.9	632.3
Free Cash Flow Growth	14.82%	-1.35%	3.21%	-1.49%	85.64%
FCF Margin	44.91%	42.41%	47.67%	48.85%	52.53%
Free Cash Flow Per Share	5.92	7.13	11.42	2.56	2.32
Levered Free Cash Flow	264.3	723.6	109	462.9	805.1
Unlevered Free Cash Flow	798.31	741.71	761.84	727.68	729.11

Updated Feb 2, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q